-
14.
·
"This power is similar to that prescribed under the Inland Revenue Ordinance (Cap 112) where the Commissioner may require any person who holds money for a taxpayer to settle the default tax payment of that taxpayer," he said.
The amendment rules will come into operation on November 1.
Enquiries may call the Tax Reserve Certificate Section, Inland Revenue Department on 2594 3120.
End
Hong Kong Monetary Authority money market operations
Cumulative
Time
$ million (hours)
change ($million)
Opening balance in the account
2,246
0930
+12
Closing balance in the account
2,221
1000
+12
Change attributable to:
1100
+12
Money market activity
+15
1200
+15
LAF today
-40
1500
+15
1600
+15
LAF rate 4.00% bid/6.00% offer TWI 124.9 *+0.0* 23.10.96
Hong Kong Monetary Authority
EF bills
EF notes/MTRC
Terms
Yield
Term
Issue
Coupon
Price
Yield
1 week
4.80
2 years
2808
6.00
100.28
5.91
1 month
4.86
3 years
3910
6.28
99.95
6.40
3 months
4.99
5 years
5109
7.32
101.94
6.96
6 months
5.08
7 years
7308
7.24
100.25 7.32
12 months
5.33
5 years
M503
7.35
100.78
7.28
Total turnover of EF bills and notes - $19,338 million
Closed October 23, 1996
End